Economy

  • Photo of Greece gets ever more competitive

    Greece gets ever more competitive

    Greece further improved its ranking last year in the global competitiveness chart drafted by the Institute for Management Development (IMD), climbing to 46th in the world in terms of its policies and the course of the country in 2020. Greece rose three spots among 64 countries from 49th in the previous chart, which concerned 2019.…

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  • Photo of Greek olive oil exports up a whopping 225% in 2002-2020, report

    Greek olive oil exports up a whopping 225% in 2002-2020, report

    Exports of standardised Greek olive oil to EU countries and non-EU countries grew a spectacular 225% in the 2002-2020 period, totaling 52,735 tons, from 14,851 tons in 2002, SEVITEL (the Association of Olive Oil Producers) said in a report on Tuesday. The report, based on data collected by the DG Trade of the European Commission,…

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  • Photo of New agricultural visa will be extended to ASEAN countries before end of the year, government says

    New agricultural visa will be extended to ASEAN countries before end of the year, government says

    Acting Prime Minister Michael McCormack has promised to deliver a new agriculture visa within three months. It comes after the Australian government agreed to scrap a requirement for British backpackers to pick fruit before extending their working holidays, under an in-principle free trade agreement with the UK. Mr McCormack promised the subsequent labour shortage would…

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  • Photo of More than $1 billion committed to Bradfield City Centre

    More than $1 billion committed to Bradfield City Centre

    The NSW Government has committed $1.15 billion to kick start work on the Bradfield City Centre, supporting thousands of jobs on the doorstep of the new Western Sydney International (Nancy-Bird Walton) Airport. Premier Gladys Berejiklian said the funding paves the way for work on the project to begin this year, starting the creation of a…

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  • Photo of Scott Morrison and Boris Johnson strike Australia-Britain free trade deal over dinner

    Scott Morrison and Boris Johnson strike Australia-Britain free trade deal over dinner

    London: A free trade deal which clears the way for more Australians to live and work in Britain once international borders reopen has been struck by Prime Minister Scott Morrison and Boris Johnson after the pair offered last-minute concessions over diner at Downing Street. The Sydney Morning Herald and The Age understand the leaders will…

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  • Photo of Businesses are having trouble staying afloat in the absence of JobKeeper payments

    Businesses are having trouble staying afloat in the absence of JobKeeper payments

    There are early signs some businesses are having trouble staying afloat in the absence of support from the JobKeeper wage subsidy. New analysis by commercial credit bureau CreditorWatch found business external administrations rose by 24 per cent over the past three months and credit defaults increased by nine per cent. “We’ve been saying for some…

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  • Photo of Queensland commits $2bn to boost local renewable energy jobs

    Queensland commits $2bn to boost local renewable energy jobs

    Queensland will spend $2bn to boost renewable energy jobs, with the premier, Annastacia Palaszczuk, describing the announcement as a “watershed moment” for the state’s economic development. The $2bn fund will help develop a clean hydrogen industry, mine minerals needed for solar panels, build hydrogen plants, batteries and electric vehicles, and increase manufacturing across the renewables…

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  • Photo of Greece: Price hikes of up to 17% on supermarket shelves

    Greece: Price hikes of up to 17% on supermarket shelves

    Family budgets are burning and from the threat of a generalized wave of price increases that is beginning to be felt in the Greek market. The rally that has been recorded for a few months now in raw materials and transportation costs worldwide is “knocking” at Greece’s door, with the first major price increases having…

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  • Photo of Reopening of 10-year Greek bond issue attracts 26 billion euros in bids

    Reopening of 10-year Greek bond issue attracts 26 billion euros in bids

    Capital markets offered another vote of confidence in the Greek economy as the reopening of a 10-year bond issue by Greek authorities on Wednesday attracted 26 billion euros in bids and the interest rate of the issue was set 0.92 pct (Mid Swap + 82 basis points), down from an initial 1.0 pct. Greece on…

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  • Photo of Australia’s economy returns to pre-Covid size on back of household spending

    Australia’s economy returns to pre-Covid size on back of household spending

    Australia’s economy is back to its pre-pandemic size, after growing 1.8% over the first three months of the year and 1.1% over the past 12 months. The Australian Bureau of Statistics released the national accounts on Wednesday, which analysts at Deloitte said makes Australia one of just five countries worldwide to have grown its economy…

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